Updated Sep 9, 2024
Hasanov Capital Arranges Acquisition Loan For Industrial Property In Sunset Park
127 42nd Street, Sunset Park, Brooklyn, NY, USA
$1,404,000
$560/SF
Building Size
2,504 SF
Asset Type
Industrial
Closing
Nov 5, 2021
About this deal
AI
Located in Sunset Park, the industrial property at 127 42nd Street recently underwent a closed transaction. Spanning over 2,504 square feet, the property was acquired through an acquisition loan. The loan, provided by Harvest and facilitated by Todd Massas, amounted to $1,404,000.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,404,000
- Date: 11/05/2021
- Address: 127 42nd Street
- Market: Sunset Park
- Loan Type: Acquisition loan
The deal involved Joe Collins as the landlord and Farrukh Hasanov and Farkhad Hasanov of Hasanov Capital as the brokers. Known for providing creative debt financing solutions, Hasanov Capital worked closely with real estate investors and CRE brokers in closing this transaction. For any finance requests, you can contact Farrukh at 917-679-7995 or [email protected], and Farkhad at 917-679-8680 or [email protected].
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.30%
Cash-on-Cash
-3.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93